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May 21, 2024 · LLPs is required pay tax at a flat rate of 30% of their total income, along with surcharge of 12% if it’s total income exceeds rupees one crore, on the other hand, if a Private Limited company earns less than rupees 400 crores in the previous year, then a 25% tax is payable and in case the annual revenue exceeds rupees 400 crores, the company ...
To open Pvt Ltd company India, entrepreneurs must navigate through a series of regulatory steps as mentioned above. IndiaFilings simplifies the process. Register Now! Limited Liability Partnership (LLP) Registration. The procedure for Limited Liability Partnership (LLP) Registration is explained here:
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4 days ago · Contents. What is a limited liability partnership Company? What are the features of LLP? How much is the cost of LLP Company registration? What are the other costs involved in LLP Company registration? What are the advantages of an LLP? What are the disadvantages of an LLP? FAQs. What is a limited liability partnership Company?
- Documents of Partners
- Documents of LLP
- Cost of LLP Registration
- Limited Liability Partnerships in India
- Benefits of Attaining LLP Registration
- Eligibility Criteria to Obtain LLP Registration
- Why Do Business Owners Prefer LLP Over Partnership Registration?
- FAQs
All partners in the LLP will be required to submit the following: 1. Identity proofs and PAN cards of all partners. 2. Address Proofs of partners that include Voter ID, passport or driving license. 3. A passport size photograph against a white background. 4. Passports of NRIs and foreign nationals who wish to become partners in an LLP.
Documents related to the LLP entity that needs to be compulsorily submitted are: 1. A proof of the registered office of address needs to be submitted at the time of registration or within a time span of 30 days of the incorporation of the LLP. In case, the registered office is a rented facility, an NOC from the landlord is necessary. Additionally, ...
Find below the cost involved in the registration process: DSC – Around Rs. 1500-2000 for 2 partners Name Reservation – Rs. 200 Incorporation – Depends on capital contribution Contribution up to Rs. 1 lakh – Rs. 500 & Contribution between Rs. 1 and 5 lakh – Rs. 2000 LLP Agreement -Depends on capital contribution. Contribution up to Rs 1 lakh – Rs 50...
Limited Liability Partnerships in India are based on the Limited Liability Partnership Act of 2008. The Limited Liabilities Partnership Act 2008 was officially published on the 9th of January, 2009 in the official Gazette of India and has been effective since 31st March, 2009. The rules constitutive of this act were later published on the 1st of Ap...
Limited Liability: The liability of the partners in limited and its limited only to their contributionLLP can be easily transferred to one person from anotherNo audit required up to turnover less than Rs. 40 lakh and Rs. 25 lakh as capital contributionLLP holds the right to own and transfer property and this can be performed under their own nameMinimum age required to start an LLP is 18 years, but person below 18 years can become a member as wellMinimum two individuals are required to start an LLPNo maximum limit of partnersNo minimum capital required to start an LLP except stamp dutyLLP is a separate legal entity whereas Partnership firm is not liability of partners is limited to the extent of their contribution. In partnership the liability of partnership is not limitedLLP formation requires two designated partners. In partnership the maximum capping is up to 50 partnersLLP registration is mandatory and is done with Ministry of Corporate Affairs, whereas Partnership firms are registered under Registrar of firmsLLP’s name should be unique and should duplicate any existing name but there is no restriction for using name in PartnershipQ. How much time does it take to register as an LLP? Ans.The total time for registering an LLP is approximately 15 days. Q. How much does it cost to register as an LLP? Ans.Registering for an LLP costs from Rs. 2500 – Rs. 6000 depending on the number of partners and the capital contribution. Q. What are the restrictions in respect of minimum and ma...
Jul 5, 2023 · When registering an LLP in India, one of the initial costs to consider is the application fees. The application fees for LLP registration vary based on the authorised capital of the LLP. The fees are payable to the Registrar of Companies and are determined by the Ministry of Corporate Affairs of the govt.
- Aishwarya Agrawal
The cost of forming an LLP is low compared to the cost of incorporating a public or private limited company. The compliances to be followed by the LLP is also low. The LLP needs to file only two statements annually, i.e. Annual Return and a Statement of Accounts and Solvency.
Jun 15, 2019 · You can prefer to choose a Private Limited Company or LLP in case you can recover the compliance and setup costs. The cost of registration of a sole proprietor company is nearly Rs 2,500 while...
